Sumitomo to integrate biorationals business
Sumitomo Chemical is to integrate its US-based biopesticide and biorational products business, Valent BioSciences (Libertyville, Illinois), with its crop protection business in a two-phase process starting on April 1st. The first phase will see Sumitomo directly manage marketing, product development, business development and planning. The integration of research and regulatory functions will be carried out "within a year or so", Sumitomo points out. "We believe that these functional consolidations will enable Sumitomo Chemical to respond to market needs more swiftly and properly in both the businesses through working directly with its affiliated companies around the world," the company says.